The art market in Italy: a compliance guide for global stakeholders
The art market in Italy: a compliance guide for global stakeholders

The art market in Italy: a compliance guide for global stakeholders

The art market in Italy: a compliance guide for global stakeholders
The art market in Italy: a compliance guide for global stakeholders
The art market in Italy: a compliance guide for global stakeholders
The art market in Italy: a compliance guide for global stakeholders
The art market in Italy: a compliance guide for global stakeholders
The art market in Italy: a compliance guide for global stakeholders
The art market in Italy: a compliance guide for global stakeholders
The art market in Italy: a compliance guide for global stakeholders
The art market in Italy: a compliance guide for global stakeholdersThe art market in Italy: a compliance guide for global stakeholdersThe art market in Italy: a compliance guide for global stakeholdersThe art market in Italy: a compliance guide for global stakeholdersThe art market in Italy: a compliance guide for global stakeholdersThe art market in Italy: a compliance guide for global stakeholdersThe art market in Italy: a compliance guide for global stakeholders

Downloading the paper will provide you with an updated overview of the key regulatory mechanisms and critical areas of legal exposure in the art market, and allow you to clarify any doubts or questions during a 1-to-1 session with our professionals.

The art market in Italy

A compliance guide for global stakeholders

Curated by Atty. Ioana Pricopi, JD Alberto Boscarato

Piselli & Partners Law Firm, always attentive to your needs, has prepared a free, in-depth paper for you. This paper analyzes the comprehensive compliance framework for the Italian Art Market, covering key areas such as due diligence standards, contractual safeguards, import/export controls, and anti-money laundering compliance for global stakeholders.

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The art market in Italy: a compliance guide for global stakeholders

This paper provides a structured overview of the legal framework, focusing on due diligence standards, contractual safeguards, and the coordination of domestic and cross-border authorisations. It examines the legal instruments governing provenance verification, import and export controls, and anti–money laundering compliance, as well as the tax implications associated with art transactions.

The Italian art market is governed by a dense body of cultural-heritage law, where aesthetic value meets a sophisticated network of legal obligations. The acquisition, transfer, or exhibition of artworks in or from Italy requires full awareness of a multilayered compliance framework encompassing international conventions, European directives, and national legislation.

This paper provides a structured overview of that framework, focusing on due diligence standards, contractual safeguards, and the coordination of domestic and cross-border authorisations. It examines the legal instruments governing provenance verification, import and export controls, and anti–money laundering compliance, as well as the tax implications associated with art transactions.

By outlining the principal regulatory mechanisms and identifying the critical areas of legal exposure, the analysis offers international stakeholders a comprehensive understanding of the conditions under which art may circulate lawfully within and beyond Italy. In a market that combines cultural prestige with complex compliance demands, a rigorous legal approach remains the only means to ensure secure, traceable, and sustainable operations.

The Art Market in Italy: A Compliance Guide

Key Topics Covered in the Paper

Cultural-Heritage Law Framework

Providing an overview of the dense body of law governing the Italian art market

Due Diligence Standards

Focusing on the rigorous standards required for secure and traceable operations.

Contractual Safeguards

Detailing the essential legal protections within art transactions

Coordination of Domestic & Cross-Border Authorisations

Guidance on coordinating all necessary international and domestic permits for art circulation.

Provenance Verification

Examining the legal instruments for verifying the history and origin of artworks.

Import & Export Controls

Outlining compliance with regulations governing the movement of art into and out of Italy.

Anti-Money Laundering (AML) Compliance

Addressing the legal obligations related to financial crime prevention in the art market.

Tax Implications

Analysis of the tax rules associated with art acquisitions and transfers.

Critical Areas of Legal Exposure

Identifying and outlining the principal regulatory mechanisms and legal risks for international stakeholders.

Paper curated by:

Atty. Ioana Pricopi

Equity Partner
Our legal advice and assistance for:

Art and Cultural Heritage

Piselli & Partners can provide judicial and extra-judicial legal assistance in all areas related to art and cultural heritage law, for private owners, owners or holders of movable and immovable property of historical, artistic and archaeological interest, as well as public entities responsible for protecting and preserving cultural and artistic heritage.

For art law we assist private individuals, art galleries and museums for everything related to the protection, circulation and enhancement of works of art and cultural heritage.

For cultural heritage we deal with historic-artistic and landscape constraints, procedures for verifying the cultural interest of the property, authorization procedures for building on protected property, reporting obligations for the commercialisation, sale and purchase of cultural assets, identifying management for cultural sites on behalf of cultural and museum institutions, as well as types of Public-Private Partnership for the redevelopment and management of cultural assets and activities.

We provide consultancy and assistance services, both in and out of court, to resolve any issue relating to art and cultural heritage law especially:

  • Requests and assistance in procedures verifying the cultural interest.
  • Procedures relating to historic-artistic and landscape constraints and, in general, all administrative procedures concerning cultural heritage.
  • Authorising procedures for building on protected properties, as well as their sale, purchase and renovation.
  • Reporting obligations for the commercialisation, sale and purchase of cultural property.
  • Administrative appeals before the TAR (Regional Administrative Court) and the Council of State concerning cultural goods and works of art and, in particular, against restrictions and the refusal of a certificate of free movement.
  • Identifying management for cultural sites on behalf of cultural institutions and museums.
  • Study and application of types of Public-Private Partnership for the requalification and management of cultural heritage and activities.
  • Assistance with tenders and concessions for cultural goods and services.
  • Consultancy for sponsorships and cultural patronage.
  • Consultancy to foundations and non-profit organizations as well as public administrations and private subjects regarding the protection, enhancement and management of cultural heritage.
  • Drafting deeds and contracts to establish artistic and cultural foundations and associations.
  • Civil, administrative, customs, fiscal and insurance consulting for circulating works of art.
  • Organizing exhibitions and loans of works.

ArtTech & Finance

Legal advice and assistance

New technologies are also opening new frontiers in the art world, especially for the market and collecting, involving businesses as well as small and large investors. This market is destined to continue to grow exponentially, also due to major specialized investment funds. Online markets have fostered transparency and trust, access to information and democratization of art, with services from crowdfunding to new platforms for the certification and tokenisation of works of art (for example Blockchain), but also a reinterpretation of artwork in a purely financial way, such as art lending and art funds.

Piselli & Partners has a specific disciplinary and consulting space for this sector, accompanying clients (artists, gallery owners, banks, companies, private clients, cultural institutions, collectors, foundations, museums, etc.) towards an innovative and ethical use of art.

For ArtTech, Piselli & Partners offers assistance with:

  • Configuring art lending operations.
  • Constitution and management of art funds.
  • Participating in the art bonus program.
  • Drafting contracts for buying and selling art on digital platforms.
  • Contracts for investment in shares of artworks.
  • Due diligence and Art Advisory contracts.
  • Legal protection for the authenticity of works of art through certification on blockchain.
  • Protection of copyright, intellectual property and related rights.
  • Development and sponsorship of projects related to art and new technologies.

We create a relationship based on understanding your business, with expertise and professionalism.

How we work with you.

Studio legale Piselli and Partners

We listen carefully to understand your needs and objectives.

Studio legale Piselli and Partners offre consulenza giuridica

We create a tailor-made proposal.

Studio legale Piselli and Partners offre consulenza giuridica

We are at your side step by step in executing the strategy.

Contact us for an immediate consultation.

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